Month: February 2023

We are pleased to announce that we represented Sportsdirect.com Poland sp. z o.o. (“Sportsdirect.com”) in connection with its acquisition of all the assets of the bankruptcy estate of Go Sport Polska sp. z o.o. (“Go Sport”) from the bankruptcy trustee, Zimmerman Filipiak Restrukturyzacja.

Sportsdirect.com is owned by Frasers Group, a company listed on the London Stock Exchange. The investor owns stationary retail store chains in more than twenty countries and also sells products online. Go Sport is a company that specialises in the sale of sporting goods.

“We are pleased that we were able to support the client in the first transaction of this type in Poland. Due to the fact that GO Sport was included on the sanctions list and its assets had been frozen, both the bankruptcy proceedings and the sale required innovative approaches. We would like to thank the Sportsdirect.com team for their trust in us and to congratulate all of the parties involved,” said Magdalena Pyzik-Waląg, a partner at Rymarz Zdort Maruta.

The team involved in the transaction included Magdalena Pyzik-Waląg (Partner), Magdalena Żukowska (Associate), Hubert Derdowski (Associate) and Michał Burek (Associate). Antitrust law advice was provided by Iwona Her (Partner) and Irmina Wątły (Counsel).

We are pleased to announce that Rymarz Zdort Maruta has advised the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (“3SIIF,” the “Fund”), a dedicated commercial fund advised by Amber Infrastructure and targeting infrastructure investments in Central and Eastern Europe, on their investment in R.Power SA (“R.Power” or the “Company”), a leading European independent power producer active in solar PV and battery storage.

3SIIF will invest €150 million in the Company in exchange for a minority stake, with an option to increase its investment further to €250 million in total. The investment is subject to merger control approval.

3SIIF invests in energy, transport and digital infrastructure in European Union CEE member states which border the Baltic, Adriatic and Black Seas (the Three Seas Region) where the demand for long-term commercial investment into national infrastructure is among the highest in the EU.

Amber Infrastructure Group, a UK based specialist international investment manager focused on investment origination, asset management and fund management, is the exclusive investment adviser to the Fund, responsible for origination, asset management and capital raising services.

R.Power S.A. is a pioneer in supporting the decarbonisation of the Polish energy system through the development of solar energy, with a growing presence in Italy, Portugal, Spain, Germany and Romania. The Company’s activities cover the entire value chain of the solar energy sector, including the development of PV power plant projects, PV power plant engineering, procurement, construction, operations and maintenance, and the production of green energy (as an IPP).

“Congratulations to 3SIIF on their first investment in Poland on the renewable energy market. We are delighted to have assisted our Client and are looking forward to future projects” – says Jakub Krzemień, a partner leading the transaction team.

The transaction team was led Jakub Krzemień, a partner from the corporate department. He was supported by Marek Durski, a partner and a head of the Energy & Natural Resources practice, and by Paweł Zdort, a managing partner and a co-head of the Corporate/M&A practice. The transaction team also included: Łukasz Lech (counsel), Adrian Augustyniak (senior associate), Piotr Wawrzeniuk (senior associate), Honorata Skibicka (senior associate), Klaudia Kasztelewicz (associate), Weronika Iskierska (associate), Izabela Skrzypczak (associate), Engjell Sokoli (associate).

The antimonopoly aspects of the transaction were handled by attorneys from the Competition/Antitrust practice, including Iwona Her (partner) and Tomasz Kordala (senior associate).

We are pleased to announce that Rymarz Zdort Maruta has advised PLAY Group on the acquisition of shares in fibre-optic network operator SferaNet S.A., listed on NewConnect. The acquisition was made by a 100% subsidiary of P4 sp. z o.o., and the Play Group increased its stake in SferaNet from 2.97% to 86.52%.

For many years SferaNet has been building high-quality, reliable fibre-optic networks in the Podbeskidzie region. Its network comprises nearly 1,300 kilometres of fibre-optic cables and reaches dozens of towns and cities in the Bielsko, Cieszyn and Zywiec districts.

“This is another transaction in which we had the opportunity to support the Play Group in the implementation of its strategy to develop its mobile and fibre-optic network and provide customers with the highest quality services. We would like to thank the Play Group team (Joanna Ormińska, Barbara Tekieli, Jaroslaw Smola, Rafał Chrzan, Krystyna Sowa, Przemyslaw Walter, PMP) for their trust and congratulate all of the parties involved” – says dr Jakub Zagrajek, CFA, partner at Rymarz Zdort Maruta.

The transaction team was led by dr Jakub Zagrajek, partner in the corporate department. The transaction team also included dr Paweł Mazur (senior associate), Patrycja Gliwka (associate), Filip Golędzinowski (associate) and Tymoteusz Jan Matusiak (paralegal). The transactional team was assisted by the due diligence team headed by partner Monika Kierepa.